Rockpoint Group Acquires Development Site In Miami Beach For $18.2M

4000 Alton Road, Miami Beach, FL 33140, USA

$18,200,000

$172/SF

Building Size

105,731 SF

Asset Type

Development Site

Closing

May 25, 2020

AI

Rockpoint Group has acquired a development site located at 4000 Alton Road in Miami Beach. The property was sold by Mast Capital for a total sale price of $18,200,000. The transaction took place on May 25, 2021.

Summary of transaction details:

Property Type: Development Site
Sale Price: $18,200,000
Buyer: Rockpoint Group (represented by Keith Gelb & Bill Walton)
Seller: Mast Capital (represented by Camilo Miguel Jr)
Date: 05/25/2021
Market: Miami Beach

Camilo Miguel Jr represented Mast Capital in the deal, while Keith Gelb and Bill Walton acted as Rockpoint Group's representatives. The acquisition marks a significant transaction in the Miami Beach real estate market.

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